The Columbine Alpha Factor provides an objective view of each stock’s price behavior.

We first published Columbine Alpha Factor rankings in 1979. We have added some
refinements to the model since then, but the basic methodology is unchanged. This
gives us one of the longest research track records in the industry.

Based on a proprietary quantitative process, a stock’s Columbine Alpha Factor ranking
represents an objective measure of that issue’s current price momentum, adjusted for
recent beta and past volatility. Simple relative strength measures attempt to identify
persistent price momentum, but are prone to false signals. Columbine Alpha’s more
discriminating methodology leads to superior predictive power. Columbine Alpha Factor
forecasts are predictive out as far as two years in the future.

The Columbine Alpha Factor complements, but does not duplicate the characteristics of
other forms of analysis. We recommend using the Columbine Alpha Factor as an adjunct,
or overlay, to more conventional security analysis. Our research (and our clients'
experience) amply demonstrates the synergistic benefits – improved return and reduced
portfolio risk – of adding Columbine Alpha price momentum to fundamental analysis.